Crypto chatter about ‘buying the dip’ hits 8-month high: Santiment

Polkadot snatches yet another oracle provider from a different blockchain. Distributed storage project Bluzelle will be collaborating with the Web3 Foundation to bring its oracle system for use in the Polkadot decentralized finance ecosystem.The project formally announced on Sept. 15 that it would integrate its services with the Polkadot network, specifically its price oracle solution…

Hodlnaut froze withdrawals and all other services on its platform on Aug. 8, citing a liquidity crisis and turbulent market conditions. 239 Total views 5 Total shares Singapore-based crypto lending firm Hodlnaut was placed under interim judicial management, a form of creditor protection program, by the Singapore court on Aug. 29.The court orders came three…

In an opinion piece in The Wall Street Journal, Brian Brooks and Charles Calomiris claim that U.S. stablecoin legislation is crucial to re-dollarizing the world. 107 Total views 5 Total shares Stablecoins are at the heart of a dollar-based revolution and could be a pivotal factor in keeping the United States dollar the dominant global…

The Metaverse is a virtual environment where people can carry out various tasks. The term “metaverse” was a term originally coined by science fiction writer Neal Stephenson in his influential 1992 novel Snow Crash to represent a virtual reality environment connected through the internet and accessible from any device such as a computer or smartphone…

Bitcoin could be on track for a September breakout to new record highs, but it faces significant resistance around $65,000.

Gold made a new lifetime high today, eclipsing the previous high made in 2011. This is possibly the result of investors buying the asset as a way to hedge against the possible debasing of fiat currencies due to the huge stimulus packages announced by various central banks around the world. To date, gold has rallied just…

Mainstream investors apparently liked the company's turn towards crypto. PayPal (PYPL) reached $215.87 on Oct. 21, a few dollars past its previous all-time high of $212.38, set on Sept. 2, 2020, according to data from TradingView.This price action came shortly after the payments company announced that it would soon be including crypto assets on its platform. PayPal plans to integrate…

Maxim Akimov, the deputy prime minister of Russia, announced that the authors of Russia’s draft cryptocurrency legislation were not planning on making any changes to the bill. His statement was reported by Russian information agency Finmarket, which specializing on the financial and commodity markets, on Dec. 11.The bill “On Digital Financial Assets” — approved by…

Economists from Goldman Sachs predict that AI investment could account for up to 4% of GDP in the United States by 2025. 182 Total views 2 Total shares Artificial intelligence could eventually have a bigger financial impact on the American economy than electricity and personal computers, according to economists at investment banking giant Goldman Sachs.In…